- Fourth quarter non-GAAP diluted net earnings per share of $1.01, down 13% from the prior-year period
- Fourth quarter GAAP diluted net earnings per share of $0.73, up from GAAP diluted net loss per share of $3.49 in the prior-year period
- Fourth quarter net revenue of $29.1 billion, down 3% from the prior-year period and down 1% when adjusted for the effects of currency
- Fourth quarter cash flow from operations of $2.8 billion, down 31% from the prior-year period
- Returned $763 million to shareholders in the form of dividends and share repurchases in the fourth quarter
- Improved operating company net debt position by $1.3 billion to an operating company net cash position in the fourth quarter, the seventh consecutive quarterly improvement of over $1 billion
- Fiscal 2013 non-GAAP diluted net earnings per share of $3.56, within the previously provided outlook of $3.53 to $3.57
- Fiscal 2013 GAAP diluted net earnings per share of $2.62, below the previously provided outlook of $2.67 to $2.71
- Fiscal 2013 net revenue of $112.3 billion, down 7% from the prior year and down 5% when adjusted for the effects of currency
HP fourth quarter and fiscal 2013 financial performance
Q4 Q4
FY13 FY12 Y/Y FY13 FY12 Y/Y
GAAP net revenue
($B) $ 29.1 $ 30.0 (3%) $112.3 $120.4 (7%)
GAAP operating
margin 6.6% (21.7%) 28.3 pts. 6.4% (9.2%) 15.6 pts.
GAAP net earnings
(loss) ($B) $ 1.4 $ (6.9) $ 5.1 $(12.7)
GAAP diluted net
earnings (loss)
per share $ 0.73 $(3.49) $ 2.62 $(6.41)
Non-GAAP operating
margin 9.0% 10.4% (1.4 pts.) 8.5% 9.3% (0.8 pts.)
Non-GAAP net
earnings ($B) $ 2.0 $ 2.3 (14%) $ 6.9 $ 8.0 (14%)
Non-GAAP diluted
net earnings per
share $ 1.01 $ 1.16 (13%) $ 3.56 $ 4.05 (12%)
Cash flow from
operations ($B) $ 2.8 $ 4.1 (31%) $ 11.6 $ 10.6 10%
